A salary exchange plan means that an employee can make gross salary exchange for the benefit of extra pension provisions. Advinans' solution for salary exchange is completely digital, where you as the employer determine the rules and conditions in the form of amounts, proportion to salary, tax allocation and salary range. You also define which employees will be able to apply for a salary exchange. The employees that are covered can apply for the salary exchange when logged in to Advinans’ portal. After an application has been made it shows up as a matter that must be approved by the administrator.
The application generates an agreement on salary exchange between the employer and the employee. The agreement is signed by both parties as soon as the application is approved.